Company
TFI International
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Sound bites of 2019
“If I had a dollar for every time I heard ‘truck driver shortage’, I wouldn’t be here today.”
– Kristen Monaco, associate commissioner at the U.S. Bureau of Labor Statistics, who doesn’t believe there is a driver shortage in the trucking industry.
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Driver Inc., trade wars weighing on growth: TFI
MONTREAL, Que. – TFI International posted a strong third quarter, but Driver Inc., and trade wars have weighed on its growth. In a conference call with analysts, chairman, president and CEO Alain Bedard railed against Driver Inc., an illegal pay…
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TFI International posts strong Q3
MONTREAL, Que. – TFI International posted record Q3 results for operating income Thursday, highlighted by a 19% year-over-year increase in the truckload division. The company’s operating income was up 3% y-o-y at $131.9 million. The company also said it is…
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TFI focuses on profitable business as trucking rates slump
MONTREAL, Que. – TFI International – Canada’s largest for-hire truck fleet – remains focused on profits and cost controls as it emerges from a record-setting second quarter for 2019. But it’s hardly immune from industry challenges such as slowing freight…
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TFI International sets quarterly record
MONTREAL, Que. – TFI International enjoyed a record-setting second quarter this year, with operating income from continuing operations reaching $149 million during the period that ended June 30 — up 21% over 2018. “Our consistent ability to perform even during…
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TFI International to shutter Highland Transport
TORONTO, Ont. – TFI International is closing its Highland Transport truckload and intermodal operation, effective June 28. Drivers received news of the closure through a satellite message from Terry Gardiner, vice-president of operations, which was shown to TruckNews.com. Sources say…
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TFI International posts record Q1 results
MONTREAL, Que. – It was a record first quarter for TFI International, which posted a profit of $65.1 million, up sharply from a $48.2 million profit during the same quarter last year. It achieved record operating income of $106.3 million,…
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TFI continues U.S. growth through acquisitions
MONTREAL, Que. – TFI International’s U.S. last mile division, TForce Final Mile, has taken over select assets of BeavEx and its affiliates, Guardian Medical Logistics (GML), JNJW Enterprises, and USXP. The companies were obtained through a deal approved by the…
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TFI International expands U.S. specialized division
MONTREAL, Que. – TFI International has announced its purchase of specialized transport provider Aulick Leasing, and its tank trailer manufacturing affiliate, ShirAul. The company says the acquisition, combined with its recent purchase of Schilli, creates a platform for specialized truckload…
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Four takeaways from the TFI International analysts call
MONTREAL, Que. – TFI International posted record fourth quarter results on Feb. 27, and CEO Alain Bedard expanded on the company’s operations and industry trends in a customary conference call with analysts this morning. Here are some key takeaways from…
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TFI International achieves financial milestones
MONTREAL, Que. – TFI International powered through a strong cycle to achieve record fourth quarter and year-end results in 2018. Fourth quarter operating income was up 56% to $103.3 million, and operating margin was up 270 basis points to 8.9%,…
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TFI agrees to buy Gorski, raises guidance
MONTREAL, Que. – TFI International raised its 2018 EBITDA guidance yesterday, due to a strong trucking environment. “The general freight environment is strong throughout North America, and all of our segments are benefiting,” Alain Bedard, chairman, president and CEO said…
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TFI International posts strong Q3 results
MONTREAL, Que. – TFI International capitalized on a strong trucking environment in the third quarter, posting its second straight quarter of record operating results. Operating income was up 107% year-over-year, at $125.1 million. The company brought in $1.29 billion in…
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TFI International improves margins, profit
MONTREAL, Que. – A strong trucking market allowed TFI International to boost its margins and profits in the second quarter. The company reported Q2 net income of $80.4 million on revenue of $1.32 billion, an increase of 4%. “Our consistent…
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TFI focused on improving quality of revenue
MONTREAL, Que. – TFI International doubled the profit margins of its truckload business in the first quarter, and saw earnings improve across all four of its operating segments. “Over the past year, Canadian truckload operations have remained strong, and most…
